JPMorgan Says US Needs Renewables to Meet Rising Energy Demand
A windmill near a wind turbine in Rio Vista, California, US
Photographer: David Paul Morris/BloombergJPMorgan says the US needs renewables to power growth in its tech industry. In an interview with Bloomberg Television this morning, the bank’s global head of sustainable solutions Chuka Umunna said it’s not about climate, or the environment, but about becoming self-sufficient.
In today’s newsletter, we look at how trade tensions between China and the US, as well as a renewed focus on energy security, have shaped JPMorgan’s plan to invest $1.5 trillion over the next decade.